Airbus, Barclays and NEOM led the investment in ZeroAvia.

Airbus, an aerospace company, Barclays, a multinational universal bank, and NEOM, an investment fund, led the investment in ZeroAvia, an aerospace company, with participation from Breakthrough Energy Ventures, Horizons Ventures, Alaska Airlines, Ecosystem Integrity Fund, Summa Equity, AP Ventures and Amazon Climate Pledge Fund. Financial terms were not disclosed. “Anybody following the development of hydrogen aviation – and its potential to transform the industry – will see this investment as a positive step. Airbus has led the way with its zero–emission vision and its commitment to extensive R&D programs. For ZeroAvia to now have investors such as Airbus coming on board is the strongest possible validation of the prospects for hydrogen-electric propulsion technology,” Val Miftakhov, ZeroAvia Founder and CEO.